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Production of bean sprouts using the toxin 6-Benzylaminopurine (6-BAP) has led to criminal proceedings in Lao Cai, authorities said, after police uncovered a facility supplying toxic sprouts to wholesale markets. On April 4, Lao Cai Provincial Police announced the indictment of Chu Thi Hoa (born 1990, from Phu Tho) for…
Zcash has recorded a sharp increase in trading activity, a development that market participants interpret as a potential shift in investor positioning. Trading volume has risen by more than 70% over a short period, with major exchanges including Binance, OKX and MEXC showing elevated participation.
Alongside the volume jump, Zcash’s price has edged higher, moving toward the $240–$250 range. However, the article emphasizes that the more notable signal is the change in market focus rather than the magnitude of the price reaction.
Technically, ZEC is described as still being in the middle of a broader recovery phase following a prolonged decline from prior highs. The $270–$280 area is identified as a key resistance cluster, and the asset has been consolidating below important moving averages.
Despite the recent increase in volume, the price has not yet broken through the $270–$280 resistance zone, suggesting that buyers are present but have not established clear dominance.
The article links the volume increase to a broader narrative shift, particularly the renewed attention on privacy-focused cryptocurrencies. It notes that privacy coins are among the few segments in the market with a distinct and well-defined use case.
While much of the broader cryptocurrency market remains driven by speculation and shifting narratives, Zcash is positioned as offering practical value through improved financial anonymity and private transactions. The article contrasts this with assets that primarily depend on tokenomics or ecosystem hype, arguing that privacy coins occupy a different category of demand.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
